First Financial Corporation Indiana (NASDAQ:THFF) Reaches New 12-Month High – Still a Buy?

First Financial Corporation Indiana (NASDAQ:THFF) reached a new 52-week high during trading on Thursday . The company traded as high as $69.21 and last traded at $69.3130, with a volume of 74925 shares trading hands. The stock had previously closed at $68.19.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Keefe, Bruyette & Woods raised their price objective on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

First Financial Corporation Indiana Trading Up 1.7%

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $824.33 million, a price-to-earnings ratio of 10.20 and a beta of 0.42. The business has a fifty day moving average of $64.80 and a 200-day moving average of $62.96.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The firm had revenue of $68.15 million for the quarter, compared to analyst estimates of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. On average, equities analysts anticipate that First Financial Corporation Indiana will post 7.32 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a $0.56 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $2.24 annualized dividend and a yield of 3.2%. First Financial Corporation Indiana’s payout ratio is 32.94%.

Hedge Funds Weigh In On First Financial Corporation Indiana

A number of institutional investors have recently bought and sold shares of THFF. Allspring Global Investments Holdings LLC grew its position in First Financial Corporation Indiana by 932.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock worth $6,075,000 after purchasing an additional 90,813 shares in the last quarter. JPMorgan Chase & Co. grew its position in First Financial Corporation Indiana by 43.2% during the 4th quarter. JPMorgan Chase & Co. now owns 206,412 shares of the bank’s stock worth $12,471,000 after purchasing an additional 62,239 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in First Financial Corporation Indiana by 223.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 66,009 shares of the bank’s stock worth $3,988,000 after purchasing an additional 45,606 shares in the last quarter. Vanguard Group Inc. grew its position in First Financial Corporation Indiana by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 794,984 shares of the bank’s stock worth $44,869,000 after purchasing an additional 39,046 shares in the last quarter. Finally, First Trust Advisors LP grew its position in First Financial Corporation Indiana by 321.2% during the 3rd quarter. First Trust Advisors LP now owns 47,602 shares of the bank’s stock worth $2,687,000 after purchasing an additional 36,300 shares in the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Company Profile

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company’s service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.